ABM Knowledgeware Limited (ABMKNO.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+17.2%

₹162.20

vs ₹138.40 price

Levered DCF

₹34.32

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	39.23×	21.57×	14.41×	11.23×	14.46×	11.22×	4.33×	7.94×
P/B	1.53×	1.31×	0.94×	0.7×	1.06×	1.19×	0.4×	0.79×
P/S	3.58×	3.18×	2.29×	1.86×	2.22×	2.51×	0.93×	2.04×
EV / EBITDA	17.49×	10.47×	11.21×	6.55×	9.1×	6.07×	3.4×	4.42×
Gross margin	24.0%	29.1%	30.9%	57.3%	65.8%	67.7%	31.5%	59.1%
Operating margin	13.1%	17.1%	27.5%	18.9%	15.8%	27.9%	23.6%	31.9%
Net margin	9.1%	14.9%	15.9%	16.6%	15.3%	22.4%	21.5%	25.8%
Current ratio	7.48×	6.46×	7.49×	7.62×	6.22×	6.09×	5.93×	17.83×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	48.3×	55.69×	610.59×	211.71×	33.94×	52.4×	491.7×	281.55×
Dividend yield	0.7%	0.8%	1.2%	1.7%	1.2%	0.0%	8.9%	2.4%
Payout ratio	26.5%	17.4%	17.3%	18.9%	17.0%	0.0%	38.6%	19.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.9%	6.1%	6.5%	6.3%	7.3%	10.6%	9.3%	9.9%
Return on invested capital	3.4%	5.1%	8.2%	5.3%	5.6%	9.5%	7.9%	8.1%
Return on assets	3.3%	5.1%	5.5%	5.4%	6.2%	8.9%	7.8%	9.1%
Free cash flow yield	-5.0%	6.1%	1.6%	2.3%	0.1%	6.7%	13.6%	31.3%
Earnings yield	2.5%	4.7%	6.9%	8.9%	6.9%	8.9%	23.1%	12.6%
Enterprise value	₹3.5B	₹2.9B	₹2B	₹1.4B	₹1.9B	₹1.9B	₹639.6M	₹935.4M
Net debt / EBITDA	-0.86×	-0.49×	-0.42×	-0.33×	-0.97×	-1.13×	-0.19×	-1.46×
Cash conversion cycle (days)	189	236	229	306	254	43	276	232